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Available via Internet from the Financial Management Service web site. Address of current issue as of 5/20/04: http://www.fms.treas.gov/mts/index.html; address of back issues as of 5/20/04: http://www.fms.treas.gov/mts/backissues.html. Current access is available via PURL.

Dates or Sequential Designation:

Began with July/Nov. 1974; ceased with June 2008.

Issuing Body:

Vols. for <Oct. 1979>-Apr. 1986 issued by U.S. Dept. of Treasury; May 1986-<Mar. 1996>, <Jan. 1998-> by U.S. Dept. of Treasury, Financial Management Service.

General Note:

Title varies slightly.

General Note:

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General Note:

Description based on: Oct. 1, 1979 through Feb. 29, 1980; title from caption.

Record Information

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University of Florida

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All applicable rights reserved by the source institution and holding location.

Resource Identifier:

oclc - 02520295lccn - 97656143 issn - 0364-1007ocm02520295

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lcc - HJ10.2 .M66ddc - 336.73/05

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AA00010653:00083

Related Items

Preceded by:

Monthly statement of receipts and outlays of the United States government

Succeeded by:

Monthly Treasury statement of receipts and outlays of the United States government (Online)

Full Text

Final Monthly Treasury Statement
of Receipts and Outlays
of the United States Government

For Fiscal Year 1989 Through September 30, 1989, And Other Periods

Highlight

This issue contains the final budget results for Fiscal Year 1989.

RECEIPTS, OUTLAYS, AND SURPLUS/DEFICIT
THROUGH SEPTEMBER 1989

1200

1000

800

600 i

400 i

200

0 A

-200

Compiled and Published by the
Financial Management Service
Department of the Treasury

The Monthly Treasury Statement of Receipts and Outlays of the United States
Government (MTS) is prepared by the Financial Management Service, Department
of the Treasury, and after approval by the Fiscal Assistant Secretary of the Treasury,
is normally released on the 15th workday of the month following the reporting month.
The publication is based on data provided by Federal entities, disbursing officers,
and Federal Reserve banks.

Audience
The MTS is published to meet the needs of: Those responsible for or interested
in the cash position of the Treasury; Those who are responsible for or interested
in the Government's budget results; and individuals and businesses whose opera-
tions depend upon or are related to the Government's financial operations.

Disclosure Statement
This statement summarizes the financial activities of the Federal Government
and off-budget Federal entities conducted in accordance with the Budget of the U.S.
Government, i.e., receipts and outlays of funds, the surplus or deficit, and the means
of financing the deficit or disposing of the surplus. Information is presented on a
modified cash basis: receipts are accounted for on the basis of collections; refunds

of receipts are treated as deductions from gross receipts; revolving and manage-
ment fund receipts, reimbursements and refunds of monies previously expended
are treated as deductions from gross outlays; and interest on the public debt (public
issues) is recognized on the accrual basis. Major information sources include ac-
counting data reported by Federal entities, disbursing officers, and Federal Reserve
banks.

Triad of Publications
The MTS is part of a triad of Treasury financial reports. The Daily Treasury State-
ment is published each working day of the Federal Government. It provides data
on the cash and debt operations of the Treasury based upon reporting of the
Treasury account balances by Federal Reserve banks. The MTS is a report of
Government receipts and outlays, based on agency reporting. The U.S. Govern
ment Annual Report is the official publication of the detailed receipts and outlays
of the Government. It is published annually in accordance with legislative mandates
given to the Secretary of the Treasury.

Data Sources and Information
The Explanatory Notes section of this publication provides information concern-
ing the flow of data into the MTS and sources of information relevant to the MTS.

Table 1. Summary of Receipts, Outlays, and the Deficit/Surplus of the U.S. Government,'Fiscal Years 1988 and 1989,
by Month
[$ millions]

'Social Security payments for January 1988 paid in December 1987,
2'he outlay and deficit figures differ from the FY 1990 Budget released by the Office of
Management and Budget on January 9, 1989 by a net of $11 million mainly due to revisions tn
data following the release of the Final September 1988 Monthly Treasury Statement

Note All receipt and outlay figures have been revised to show a reclassification of customs
user tees from a governmental to a proprietary receipt
Note Details may not add to totals due to rounding

Table 2. Summary of Budget and Off-Budget Results and Financing of the U.S. Government, September 1989 and
Other Periods
[S millions]

Current Budget Prior Budget
Classification This Fiscal Estimates Fiscal Year Estimates
Classification MonthYear to Date Full Fiscal to Date Next Fiscal
Year to Date Year 1 (1988) Year (1990)1

'Based on the Mid-Session Review of the FY 1990 Budget released by the Office of Manage- 4The outlay and deficit figures differ from the 1990 Budget released by the Office of Manage-
ment and Budget on July 18, 1989 ment and Budget on January 9, 1989 by a net of $11 million mainly due to revisions in data following
21ncludes a reclassification of $686 million from corporation income tax refunds and $6 million the release of the Final September 1988 Monthly Treasury Statement
from individual income tax refunds to miscellaneous excise tax refunds No Transactions
3Includes a reclassification of $812 million for customs user fees from a governmental to
a proprietary receipt

Table 4. Receipts of the U.S. Government, September 1989 and Other Periods
[$ millions]
This Month Current Fiscal Year to Date Prior Fiscal Year to Date

'Includes $1,017 million deappropriation transfer from the Federal Unemployment Trust
Fund,
includes a reclassification of $686 million from corporation income tax refunds and $6 million
from individual income taxes refunds to miscellaneous excise tax refunds
includes amounts for windfall profits tax pursuant to P L 96-223,

23,522 264,533 868 263,666 242,051 560 241,491
4Includes a reclassification of $812 million for customs user fees from a governmental to
a proprietary receipt
No Transactions
(') Less than $500.000
Note Details may not add to totals due to rounding

72,487 401,181

15,487 94,195

Table 5. Outlays of the U.S. Government, September 1989 and Other Periods

International Development Assistance:
Multilateral assistance:
Contributions to International Financial Institutions:
International Development Association .. .
Inter-American Development Bank ..... .. .
O the r .... .... ... ................
International Organizations and Programs .....

Total-Multilateral assistance ........ .

Agency for International Development:
Functional Development Assistance Program ......
Sub-Saharan Africa, Development Assistance
Operating Expenses, Agency for
International Development ..........
Payment to Foreign Service Retirement and
Disability Fund ... ........... .........
O other ............... .
Proprietary receipts from the public ....... .......

Department of Defense-Civil
Corps of Engineers-
General investigations
Construction, general
Operation and maintenance, general
Flood control. Mississippi River and coastal emergencies
Harbor Maintenance Trust Fund ..
O their ..............
Proprietary receipts from the public

Family Support Administration:
Program administration ..... ...................
Family support payments to States .................
Low income home energy assistance ................
Refugee and entrant assistance ..... .........
Community services ..............................
Interim assistance to States for legalization ...........
O their ........ ................ .... ....... ..
Total-Family Support Administration ..............

Human Development Services:
Social services ....................... ..........
Human development services ............ .
Payments to states for foster care and adoption assistance
Total-Human Development Services ..............

International Organizations and Conferences
Migration and Refugee Assistance ........
International Narcotics Control ...... ..
O their . .
Proprietary receipts from the public
Intrabudgetary transactions ............

Table 5. Outlays of the U.S. Government, September 1989 and Other Periods-Continued

Department of the Treasury-Continued
United States Secret Service ..
Comptroller of the Currency .
Office of Thrift Supervision
Interest on the public debt:
Public issues (accrual basis) ...... ....
Special issues (cash basis)

Total-Interest on the public debt ......

O other ..... .
Proprietary receipts from the public
Receipts from off-budget Federal entities
Intrabudgetary transactions

Total-Department of the Treasury ................

Department of Veterans Affairs:
Veterans Benefits Administration,
Public Enterprise Funds:
Loan guaranty revolving fund
O their ..............
Compensation and pensions
Readjustment benefits ....... .
Post-Vietnam-era veterans education account
Insurance Funds:
National service life
United States government life ..
Veterans special life .
O other ..............

Total-Veterans Benefits Administration

Veterans Health Services and Research Administration:
Medical care. .
Medical and prosthetic research
Other
Departmental Administration:
General operating expenses
Construction projects
O th e r . . .
Proprietary receipts from the public:
National service life .
United States government life
Other ... ..
Intrabudgetary transactions

Table 5. Outlays of the U.S. Government, September 1989 and Other Periods-Continued

National Aeronautics and Space Administration:
Research and development
Space flight, control, and data communications
Construction of facilities ... ......
Research and program management
O the r ....... ..... .........

Includes $348 million adjustment to correct erroneous agency reporting for August 1989,
2 Includes FICA and SECA tax credits, non-contributary military service credits, special
benefits for the aged, and credit for unnegotiated OASI benefit checks
3 Prior month adjustment.
4 Includes a reclassification of $812 million for customs user fees from a governmental to
a proprietary receipt
5lncludes activity previously reported to the Federal Deposit Insurance Corporation fund.
includes activity previously reported by Federal Savings and Loan Insurance Corporation.
7 Transfers between the Federal Deposit Insurance Corporation and the Resolution Trust Cor-
poration reported separately in the August Monthly Treasury Statement have been combined to
better represent the actual outlays of the Resolution Trust Corporation

Includes activity previously reported as Federal Home Loan Bank Board revolving fund.
9The outlays and deficit figures differ from the 1990 Budget released by the Office of Manage-
ment and Budget on January 9, 1989 by a net of $11 million mainly due to revisions in data following
the release of the Final September 1988 Monthly Treasury Statement.
No transactions.
(") Less than $500,000.
Note: Details may not add to totals due to rounding

Table 6. Means of Financing the Deficit or Disposition of Surplus by the U.S. Government, September 1989 and Other Periods
[$ millions]

Net Transactions A ,n 8Ia
Assets and Liabilties (-) denotes net reduction of either Account Balances
Assets and Liabilities oCurrent Fiscal Year
Directly Related to liability or asset accounts
Budget and Off-budget Activity
Fiscal Year to Date Beginning of
This Month TClose of
This Month hi------ P ---- Yr This month
This Year Prior Year This Year This Month T month

Liability accounts
Borrowing from the public:
Public debt securities, issued under general financing authorities:
Obligations of the United States, issued by:
United States Treasury ......
Federal Financing Bank ....... ....

Reserve position on the U.S. quota in the IMF:
U.S. subscription to International Monetary Fund:
Direct quota payments ........
Maintenance of value adjustments .
Letter of credit issued to IMF
Dollar deposits with the IMF . .
Receivable/payable (-) for interim maintenance of value adjustments

Balance

Loans to International Monetary Fund .........
Other cash and monetary assets

Total cash and monetary assets

Miscellaneous asset accounts

Total asset accounts ......... ..................... .

Excess of liabilities (+ ) or assets ( ) ...........................

Transactions not applied to current year's surplus or deficit
(See Schedule A for details)
Total budget and off-budget federal entities
[Financing of deficit ( ) or disposition of surplus ( )] ............

Maior sources of information used to determine Treasury s operating cash include the Daily
Balance Wires from Federal Reserve Banks, reporting from the Bureau of Public Debt, electronic
transfers Ihrough the Treasury Financial Communications System and reconciling wires from In-
ternal Revenue Servce Centers Operating cash is presented on a modified cash basis, deposits
are retfI..ed is r! ceived and withdrawals are reflected as processed

Excess of liabilities close of period ........................... 2,187,679 2,187,679 2,036,266

Table 6. Schedule B-Securities issued by Federal Agencies Under Special Financing Authorities, September 1989 and
Other Periods
[$ millions)
Net Transactions
(-) denotes net reduction of Account Balances
liability accounts Current Fiscal Year
Classification
Fiscal Year to Date Beginning of Close of
This Month Close o
This Year Prior Year This Year This Month This month

1 Includes activity previously reported by Federal Savings and Loan Corporation
.. No transactions.
Note: This table includes lending by the Federal Financing Bank accomplished by the pur-
chase of agency financial assets, by the acquisition of agency debt securities, and by direct loans

on behalf of an agency The Federal Financing Bank borrows from Treasury and issues its own
securities and in turn may loan these funds to agencies in lieu of agencies borrowing directly
through Treasury or issuing their own securities
Note Details may not add to totals due to rounding

Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, September 1989 and
Other Periods

'Includes activity previously reported by Federal Savings and Loan Corporation
.. No transactions.
("*)Less than $500,000.
Note: Investments are in public debt securities unless otherwise noted.
Note: Details may not add to totals due to rounding

Table 7. Receipts and Outlays of the U.S. Government by Month, Fiscal Year 1989
[$ millions]

'Includes a reclassification of $686 million from corporation income tax refunds and
$6 million from individual income tax refunds to miscellaneous excise tax refunds
2Includes a reclassification of $812 million for customs user fees from governmental to a
proprietary receipt.
Includes activity previously reported by the Federal Savings and Loan Insurance Corporation
....No transactions.
(* *)Less than $500,000.
Note: Details may not add to totals due to rounding.

Table 8. Trust Fund Impact on Budget Results and Investment Holdings as of September 30, 1989

.No transactions
("')Less than $500.000.
Note: Interfund receipts and outlays are transactions between Federal funds and trust funds
such as Federal payments and contributions, and interest and profits on investments in Federal

securities. They have no net effect on overall budget receipts and outlays since the receipts side
of such transactions is offset against budget outlays. In this table, interfund receipts are shown
as an adjustment to arrive at total receipts and outlays of trust funds respectively.
Note: Details may not add to totals due to rounding.

11,132

15,565
7,345
10,409
199,103
66,078
97,137
6,326

13,448

7,783
41,310
36,197
11,810
3,506

12,929

12,800
8,300
12,644
202,340
81,811
143,863
11,154
931
17,153

8,578
54,094
47,094
12,173
4,957

12,913

12,800
8,428
13,104
219,106
82,914
148,565
10,365
1,033
15,978

8,589
53,487
44,994
12,109
4,965

649,350

527,150 630,821

Table 9. Summary of Receipts by Source, and Outlays by Function of the U.S. Government, September 1989
and Other Periods
[S millions]
Classification This Month Fiscal Year Comparable Period
Classification This MonthTo Date Prior Fiscal Year

1. Flow of Data Into Monthly Treasury Statement
The Monthly Treasury Statement (MTS) is assembled from data in the
central accounting system. The major sources of data include monthly
accounting reports by Federal entities and disbursing officers, and daily
reports from the Federal Reserve banks. These reports detail account-
ing transactions affecting receipts and outlays of the Federal Government
and off-budget Federal entities, and their related effect on the assets and
liabilities of the U.S. Government. Information is presented in the MTS
on a modified cash basis.

2. Notes on Receipts
Receipts included in the report are classified into the following major
categories: (1) budget receipts and (2) offsetting collections (also called
applicable receipts). Budget receipts are collections from the public that
result from the exercise of the Government's sovereign or governmental
powers, excluding receipts offset against outlays. These collections, also
called governmental receipts, consist mainly of tax receipts (including
social insurance taxes), receipts from court fines, certain licenses, and
deposits of earnings by the Federal Reserve System. Refunds of receipts
are treated as deductions from gross receipts.
Offsetting collections are from other Government accounts or the public
that are of a business-type or market-oriented nature. They are classified
into two major categories: (1) offsetting collections credited to appropria-
tions or fund accounts, and (2) offsetting receipts (i.e., amounts deposited
in receipt accounts). Collections credited to appropriation or fund accounts
normally can be used without appropriation action by Congress. These
occur in two instances: (1) when authorized by law, amounts collected
for materials or services are treated as reimbursements to appropriations
and (2) in the three types of revolving funds (public enterprise, intragovern-
mental, and trust); collections are netted against spending, and outlays
are reported as the net amount.
Offsetting receipts in receipt accounts cannot be used without being
appropriated. They are subdivided into two categories: (1) proprietary
receipts-these collections are from the public and they are offset against
outlays by agency and by function, and (2) intragovernmental funds-
these are payments into receipt accounts from Governmental appropria-
tion or fund accounts. They finance operations within and between Govern-
ment agencies and are credited with collections from other Government
accounts. The transactions may be intrabudgetary when the payment and
receipt both occur within the budget or from receipts from off-budget
Federal entities in those cases where payment is made by a Federal en-
tity whose budget authority and outlays are excluded from the budget
totals.
Intrabudgetary transactions are subdivided into three categories:
(1) interfund transactions, where the payments are from one fund group
(either Federal funds or trust funds) to a receipt account in the other fund
group; (2) Federal intrafund transactions, where the payments and receipts
both occur within the Federal fund group; and (3) trust intrafund transac-
tions, where the payments and receipts both occur within the trust fund
group.
Offsetting receipts are generally deducted from budget authority and
outlays by function, by subfunction, or by agency. There are four types
of receipts, however, that are deducted from budget totals as undistributed
offsetting receipts. They are: (1) agencies' payments (including payments
by off-budget Federal entities) as employers into employees retirement
funds, (2) interest received by trust funds, (3) rents and royalties on the
Outer Continental Shelf lands, and (4) other interest (i.e., interest collected
on Outer Continental Shelf money in deposit funds when such money
is transferred into the budget).

3. Notes on Outlays
Outlays are generally accounted for on the basis of checks issued by
Government disbursing officers, and cash payments made. Certain in-

tragovernmental outlays do not require issuance of checks. An example
would be charges made against appropriations representing a part of
employees' salaries which are withheld for individual income taxes, and
for savings bond allotments. Outlays are stated net of offsetting collec-
tions and refunds representing reimbursements as authorized by law,
refunds of money previously expended, and receipts of revolving and
management funds. Interest on the public debt (public issues) is recog-
nized on the accrual basis. Outlays of off-budget Federal entities are ex-
cluded from budget outlay totals.

4. Processing
The data on payments and collections are reported by account sym-
bol into the central accounting system. In turn, the data are extracted from
this system for use in the preparation of the MTS.
There are two major checks which are conducted to assure the con-
sistency of the data reported:
1. Verification of payment data. The monthly payment activity reported
by Federal entities on their Statements of Transactions is compared to
the payment activity of Federal entities as reported by disbursing officers.
2. Verification of collection data. Reported collections appearing on
Statements of Transactions are compared to deposits as reported by
Federal Reserve banks.

5. Other Sources of Information About Federal Government
Financial Activities

A Glossary of Terms Used in the Federal Budget Process, March 1981
(Available from the U.S. General Accounting Office, Gaithersburg,
Md. 20760). This glossary provides a basic reference document of stan-
dardized definitions of terms used by the Federal Government in the
budgetmaking process.

Daily Treasury Statement (Available from GPO, Washington,
D.C. 20402, on a subscription basis only). The Daily Treasury Statement
is published each working day of the Federal Government and provides
data on the cash and debt operations of the Treasury.

Monthly Statement of the Public Debt of the United States (Available
from GPO, Washington, D.C. 20402 on a subscription basis only). This
publication provides detailed information concerning the public debt.

Annual Budget Publications (Available from GPO, Washington,
D.C. 20402). There are five annual publications which provide informa-
tion concerning the budget:
-The Budget of the United States Government. FY 19
-Appendix, The Budget of the United States Government, FY 19_
-The United States Budget in Brief, FY 19
-Special Analyses
-Historical Tables

United States Government Annual Report and Appendix (Available
from Financial Management Service. U.S Department of the Treasury,
Washington, D.C. 20226). This annual report presents budgetary results
at the summary level The aipper,.] presents the individual receipt and
appropriation accounts at the detail level.

Scheduled Release

The release date for the October 1989 Statement
will be 2:00 p.m. EST November 22, 1989.

For sale by the Superintendent of Documents, U.S. Government Printing
Office, Washington, D.C. 20402 (202) 783-3238. The subscription price is
$22.00 per year (domestic), $27.50 per year (foreign).
No single copies are sold.